Why Build an Extension
So why build an extension? Deciding whether to stay in your home and extend or to move is always a question that is considered when we meet clients. The recent argument during the pandemic was always that the saving on Stamp Duty meant moving was a very attractive proposal. But mid 2022 the idea is certainly different. And this is where a new home extension becomes interesting. But which is right for you?
If you’re struggling to decide whether to extend or move then consider the following points:
Should I extend my home?
I guess the first question is what are you looking to achieve? Is it more space downstairs? A bigger kitchen? A new bedroom? Adding an en-suite? Some of these will add value to your home, other options may not have much of an effect on the value.
Always think are you amending an existing property to benefit a future sale or just your personal taste. The two options provide different outcomes.
If you have a larger plot of land and the external footprint isn’t that much affected then all good. If you have a smaller footprint and are taking away outside space this can have a detrimental affect to some.
There are plenty of positives with an extension, an extra bedroom can increase your home’s value by 15% and an interior loft conversion may add up to 20%.
How long do you see yourself living there?
Always think if you are looking to stay in your property for a long time an extension is a great option. If you don’t see yourself being there for a long time a move may be better.
Cost of a house extension
The average cost of building has increased over the last 12 months but so have property prices. House extensions can be a more cost effective way to provide a more suitable living area.
Outside of the cost of the build there is planning permission to consider.
Cost of a move
Moving tends to be an expensive process and can outweigh the benefits of an extension. When you move you can have estate agents fees, solicitors fees,stamp duty, search fees etc
Where to start with a house extension?
If you are looking for a professional builder with experience of a variety of house extensions then contact us. Why build an extension? We can help you decide.
